At its G20 briefing, the IMF highlighted continued market fragility across developing economies due to tighter global liquidity and rising sovereign spreads. Despite this, India’s equity indices outperformed peers as foreign institutional investors remained net buyers through mid-October. Analysts cited stable macros, steady credit growth, and healthy corporate earnings as buffers against volatility. The Fund reiterated the need for prudent fiscal management and diversification of capital inflows to sustain momentum in high-growth markets through 2026.